Crypto analysts are flagging multiple bear market signals as Bitcoin struggles to sustain prices near $70,000 and trades around $69,000 in Asia. Technical metrics such as the 100-week moving average, holder profitability, and heavy selling pressure suggest more downside is possible before a durable recovery. Some commentators argue that further losses could still create long-term accumulation opportunities despite the current market pain.

From Feb. 9 to 13, U.S. data releases—including December Retail Sales on Monday, the January Jobs Report Wednesday, and January CPI Friday—may shape crypto sentiment after last week's $700 billion slide. Over the weekend, total market cap hovered near $2.45 trillion as Bitcoin rebounded to $71,000 and Ether touched $2,100.

On Friday, Feb. 6, around 34,000 Bitcoin options contracts worth roughly $2.1 billion and about 217,000 Ethereum options contracts valued at $400 million are scheduled to expire. Bitcoin options show a put/call ratio of 0.59 with max pain near $82,000, while broader crypto markets have dropped to a total capitalization of $2.27 trillion and Bitcoin has fallen below $60,000 after losing 50% from its all‑time high.

Blockchain analytics firm Santiment reported that fear, uncertainty, and doubt have surged across crypto social channels after Bitcoin fell 16% over the past week and briefly touched $74,600. Analysts highlighted that retail selling drove a market drop that erased $440 billion in value and pushed BTC toward key support near $74,000, while opinions remain split on whether a relief rally or deeper bear-phase continuation is ahead.

Crypto assets slid into bear market territory over the weekend as more than $250 billion left spot markets and total capitalization fell to $2.67 trillion. Bitcoin briefly dropped below $76,000 in Monday's Asian session, while upcoming US labor and manufacturing data and major tech earnings could add further volatility this week.

About 91,000 Bitcoin options contracts, with a notional value near $8.3 billion, are set to expire on Friday, Jan. 30. The batch has a put/call ratio of 0.54 and max pain around $90,000, while Ethereum expiries add $1.3 billion. Crypto markets fell this week, and Friday’s Asia session saw sharp declines.

Fidelity Investments is preparing to roll out its Fidelity Digital Dollar (FIDD) stablecoin, pegged 1:1 to the US dollar and backed by reserves. The token will operate on Ethereum, target both institutional and retail clients, and enter a market where Tether and Circle collectively hold most of the share.

During Wednesday’s Asian session, Ether rose 2.6% to $3,028, reclaiming the $3,000 threshold after six days below it. Analysts flagged nearby resistance at $3,100, while Santiment said Wednesday that non-empty Ethereum wallets exceeded 175 million. Glassnode’s Chris Beamish on Tuesday described price as sitting on a dense cost basis cluster.

From Jan. 26 to 30, traders face a 100% Canada tariff threat, a possible U.S. government shutdown, Tuesday's Consumer Confidence, Wednesday's Fed rate decision (97% odds of no change), and Friday's PPI. Early Monday, total crypto cap fell 1.8% to $3 trillion as Bitcoin hit $86,000 before rebounding to $87,700.